$3,950,000

( $1586.35Per Sq Foot )

$21,204 est/mo Sourced by Back At You

532 Margaret Street,KEY WEST, FL 33040

KEY WEST, FL 33040

Images Map

Description

Completely remodeled from top to bottom, this turnkey restaurant in the heart of Old Town Key West offers a rare opportunity to own a fully updated and licensed 150-seat dining destination. Every inch of the property has been thoughtfully renovated, including brand-new electrical, plumbing, HVAC, flooring, lighting, and fixtures, creating a fresh, modern space that still captures the charm and character of historic Key West. The layout features expansive indoor-outdoor dining areas, a stylish full-service bar, and newly designed restrooms, all tailored for comfort, ambiance, and efficient flow. The commercial-grade kitchen is fully equipped with state-of-the-art appliances, ample prep space, and storage, making it ideal for high-volume service across a wide range of culinary concepts. Adding to its versatility, the property also includes a beautifully updated 1-bedroom, 1-bathroom apartment upstairsperfect for on-site living, staff housing, or additional rental income.

Details

MLS #	615015
Listing Type	For Sale
Sub-Type	Resale
Status	Active
Year	1958
Days On Site	38
Listing Provided By	Berkshire Hathaway HomeServices Knight & Gardner Realty \| Team Gardner/Langley

Features

Bed(s)	1
Bath(s)	3 Total
SQ Feet	2,490
Story(s)	2
Zoning	HNC(1-3) - Hist Nghborhd Comml 1
Acreage	0.11
Property View	No Waterview

Market Activity 33040

Date	Sales	Avg $ Per SqFt	Min Sale Price	Max Sale Price	Med Sale Price
Date: May 2025	Sales: 7	Avg $ Per SqFt: $468.01	Min Sale Price: $3,100	Max Sale Price: $1,675,000	Med Sale Price: $24,600
Date: Apr 2025	Sales: 9	Avg $ Per SqFt: $665.06	Min Sale Price: $2,600	Max Sale Price: $3,800,000	Med Sale Price: $675,000
Date: Mar 2025	Sales: 10	Avg $ Per SqFt: $838.19	Min Sale Price: $425,000	Max Sale Price: $2,400,000	Med Sale Price: $1,000,000
Date: Feb 2025	Sales: 13	Avg $ Per SqFt: $619.71	Min Sale Price: $2,800	Max Sale Price: $3,550,000	Med Sale Price: $579,000
Date: Jan 2025	Sales: 16	Avg $ Per SqFt: $1565.7	Min Sale Price: $30,000	Max Sale Price: $14,000,000	Med Sale Price: $1,042,500
Date: Dec 2024	Sales: 10	Avg $ Per SqFt: $856.33	Min Sale Price: $378,000	Max Sale Price: $2,995,000	Med Sale Price: $1,087,500
Date: Nov 2024	Sales: 9	Avg $ Per SqFt: $1031.31	Min Sale Price: $552,500	Max Sale Price: $2,250,000	Med Sale Price: $840,000
Date: Oct 2024	Sales: 7	Avg $ Per SqFt: $958.09	Min Sale Price: $340,000	Max Sale Price: $2,200,000	Med Sale Price: $1,647,500
Date: Sep 2024	Sales: 4	Avg $ Per SqFt: $516.09	Min Sale Price: $133,200	Max Sale Price: $950,000	Med Sale Price: $646,500
Date: Aug 2024	Sales: 3	Avg $ Per SqFt: $513.8	Min Sale Price: $500,000	Max Sale Price: $985,000	Med Sale Price: $800,000
Date: Jul 2024	Sales: 5	Avg $ Per SqFt: $1017.63	Min Sale Price: $753,300	Max Sale Price: $3,000,000	Med Sale Price: $1,300,000
Date: Jun 2024	Sales: 6	Avg $ Per SqFt: $956.8	Min Sale Price: $650,000	Max Sale Price: $2,900,000	Med Sale Price: $1,225,000

Sourced by Back At You

May 2025
Sales:	7
Avg $ Per SqFt:	$468.01
Min Sale Price:	$3,100
Max Sale Price:	$1,675,000
Med Sale Price:	$24,600
Apr 2025
Sales:	9
Avg $ Per SqFt:	$665.06
Min Sale Price:	$2,600
Max Sale Price:	$3,800,000
Med Sale Price:	$675,000
Mar 2025
Sales:	10
Avg $ Per SqFt:	$838.19
Min Sale Price:	$425,000
Max Sale Price:	$2,400,000
Med Sale Price:	$1,000,000
Feb 2025
Sales:	13
Avg $ Per SqFt:	$619.71
Min Sale Price:	$2,800
Max Sale Price:	$3,550,000
Med Sale Price:	$579,000
Jan 2025
Sales:	16
Avg $ Per SqFt:	$1565.7
Min Sale Price:	$30,000
Max Sale Price:	$14,000,000
Med Sale Price:	$1,042,500
Dec 2024
Sales:	10
Avg $ Per SqFt:	$856.33
Min Sale Price:	$378,000
Max Sale Price:	$2,995,000
Med Sale Price:	$1,087,500
Nov 2024
Sales:	9
Avg $ Per SqFt:	$1031.31
Min Sale Price:	$552,500
Max Sale Price:	$2,250,000
Med Sale Price:	$840,000
Oct 2024
Sales:	7
Avg $ Per SqFt:	$958.09
Min Sale Price:	$340,000
Max Sale Price:	$2,200,000
Med Sale Price:	$1,647,500
Sep 2024
Sales:	4
Avg $ Per SqFt:	$516.09
Min Sale Price:	$133,200
Max Sale Price:	$950,000
Med Sale Price:	$646,500
Aug 2024
Sales:	3
Avg $ Per SqFt:	$513.8
Min Sale Price:	$500,000
Max Sale Price:	$985,000
Med Sale Price:	$800,000
Jul 2024
Sales:	5
Avg $ Per SqFt:	$1017.63
Min Sale Price:	$753,300
Max Sale Price:	$3,000,000
Med Sale Price:	$1,300,000
Jun 2024
Sales:	6
Avg $ Per SqFt:	$956.8
Min Sale Price:	$650,000
Max Sale Price:	$2,900,000
Med Sale Price:	$1,225,000

Request a showing

Loading Form

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Florida Keys Board of Realtors.

The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

Contact

Learn More About This Property

Lauren Hoefert Dunn

Coldwell Banker Schmitt

3505304 (305) 394-3717

Loading Form

State	FL
County	Monroe
City	KEY WEST
Zip Code	33040
Area	02 Key West
Community Name	Old Town Unlisted (1.0)
Listing VS Median (in Old Town Unlisted (1.0))
Price: $3,950,000 low \| high Med: $1,449,000 100% of Average SqFt: 2,490 low \| high Med: 1,660 83.333333333333% of Average $ / SqFt: $1,586 low \| high Med: $873 94.974683544304% of Average On site: 38 low \| high Med: 42.000000 90.47619047619% of Average

Sourced by Back At You

Nearby Listings (Within 1/10 mile)

Price: $2.962M - $4.937M

SqFt: 1,500 - 3,000

Nearby Listings Property Image	Nearby Listings Details
	$3,395,000 806 Southard Street Key West, FL 33040

Listing Updated: May 15, 2025 at 6:51:39 PM PDT

532 Margaret Street,KEY WEST, FL 33040

KEY WEST, FL 33040

Description

Details

Features

Market Activity 33040

Request a showing

Request a showing

Contact

Learn More About This Property

Lauren Hoefert Dunn

Coldwell Banker Schmitt

Attachments

Loading

$3,395,000

Lauren Dunn - Coldwell Banker Schmitt

532 Margaret Street,KEY WEST, FL 33040

KEY WEST, FL 33040

Share:

Description

Details

Features

Market Activity 33040

Request a showing

Request a showing

Contact

Learn More About This Property

Lauren Hoefert Dunn

Coldwell Banker Schmitt

Attachments

Loading

$3,395,000

Lauren Dunn - Coldwell Banker Schmitt